Sino Clean Energy (SCLX.OB), a leading producer and distributor of coal-water slurry fuel in China, is listing on Nasdaq as of June 14. The new ticker symbol is "SCEI."
Coal slurry fuel consists of fine coal particles suspended in water. It increases burning efficiency and reduces air pollution and coal consumption. The fuel is used in boilers and furnaces to generate steam and heat for commercial, industrial and residential applications.
According to the company, the process:
- increases the burning efficiency by 22.5%
- reduces air pollution by 75%
- reduces coal consumption by 36.8%
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